Trying to get my head around something... think my brain had stopped working.....
OK, re the $15k SPP offer. If one is sitting on a considerable paper loss so far with PEN and worried that the price will drop from current 80c to lower than 50c (if I take up the offer) why wouldn't you sell $15k at current price now, take up the $15k offer thereby potentially getting more shares than before and then holding. Only downside I can see is that you might not get $15k worth.....
My thinking has gotta be flawed...
Thoughts?
Silly question maybe..... SPP Offer
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Last
6.3¢ |
Change
-0.020(24.1%) |
Mkt cap ! $203.9M | |||
| Open | High | Low | Value | Volume |
| 7.6¢ | 7.6¢ | 6.2¢ | $6.216M | 91.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 7630324 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 270517 | 6 |
View Market Depth
| Last trade - 14.27pm 15/11/2024 (20 minute delay) ? |
| PEN (ASX) Chart |